SAB9#129_PERFORM_QUANTITATIVE_RISK_ANALYSIS

Annotations:

• It is not required for all projects. Proceed with quantitative risk analysis only if it is worth the time and money on your project.

1. OPA's
2. RISK REGISTER
3. RISK MANAGEMENT PLAN
4. SCHEDULE MANAGEMENT PLAN
5. EEF's
6. COST MANAGEMENT PLAN
7. DATA GATHERING AND REPRESENTATION TECHNIQUES
   1. Get more information
   2. Interviewing, probablily distribution, expert judgment.
8. QUANTITATIVE RISK ANALYSUS AND MODELING TECHNIQUES
   1. Analyze the information
   2. Sensitivity analysis
   3. Expected monetary value analysis
      1. Decision tree analysis
   4. Modeling and simulation.
      1. Monte Carlo
9. EXPERT JUDGMENT
10. PROJECT DOCUMENTS UPDATES
    1. RISK REGISTER UPDATES
11. Is a more objective or numerical evaluation.
12. Further investigate the highest rated risks on the project.
13. Perform sensitive analysis to determine which risks have the most impact on the project or how could affect the objectives.
14. How much quantified risk the project has thorugh expected monetary value analysis or Monte Carlo analysis.
15. HOW MUCH COULD RISKS COST IN TIME OR MONEY??